Economics

Inflation declines to 18.4 percent in June

The Consumer Price Inflation (CPI) for June, declined marginally to 18.4% from 18.9% in May 2016

The monthly change rate was 1.3% in June 2016 compared to 1.1% recorded in May this year. According to the Ghana Statistical Service (GSS), food inflation went up to 8.6% in June compared to 8.5% in May 2016.

The non food inflation rate however declined from 25 to 24.1 percent between the one month period.

Meanwhile, the inflation rate for imported items increased to 27.1% in June, from the 18.5 percent recorded in May 2016.


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ICT must drive nation towards prosperity – Asantehene

Otumfuo Osei Tutu ll, Asantehene

Kumasi, July 9, GNA - Otumfuo Osei Tutu II, the Asantehene, has advised the citizenry, particularly the youth, to explore opportunities provided through the advancement in Information and Communication Technology (ICT) for self-development.

“ICT must become the carrier of an expanded educational system that makes it possible for learners to acquire the skills needed to function in the global economy,” he said.


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GCNET pays GH¢25m in dividends to government

Deputy Finance Minister, Mona Quartey with some officials at the presentation

The Ghana Community Network Services Limited (GCNET) has presented a total of 25 million cedis in dividends for 2015, to the government of Ghana for its share in the company.

The payment was concluded when the company presented a 10 million cedis interim dividend cheque to the Ministry of Finance on Friday.


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President Mahama calls on BRRI to support construction industry

President John Dramani Mahama

Kumasi, July 9, GNA - President John Dramani Mahama on Saturday advised the Building and Road Research Institute (BRRI) of the Centre for Scientific and Industrial Research to partner stakeholders in construction to ensure quality roads and other development projects.

He said the BRRI, which was established years ago at the Kwame Nkrumah University of Science and Technology (KNUST) to facilitate the construction of quality roads and other projects, had the expertise to transform the construction industry and allay the fears of Ghanaians on poor road works.


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EPA Must Check Operations Of PFC

Tema, July 8, GNA - The Environmental Protection Agency (EPA) has been called upon to urgently check and monitor the production of fish meal by the Pioneer Food Cannery Limited (PFC).

Nii Odametey II, Chief Fisherman of Tema Awudum, in an interview with the Ghana News Agency, said the company's fish meal production was emitting an unbearable stench in the town especially the European Market located near the PFC.

Nii Odametey stated that the stench was so powerful that traders at the market sometimes throw up while buyers have refused to patronize their wares.


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Ghana Begins Visa On Arrival For African Union Nationals

Ghana has started a visa-on-arrival scheme at the Kotoka International Airport (KIA) for all African Union Nationals whose countries do not have a visa-free agreement with the country, the Ghana Immigration Service (GIS) has said in Accra.

“All AU nationals affected by the policy who arrive in the country must have a passport, valid for at least three months from the date of entry; they must have a return ticket or evidence of onward travel; they must show evidence of sufficient funds and proof of accommodation before they are granted visas.


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ECG disconnects Accra Sports Stadium

Accra Sports Stadium

The Electricity Company of Ghana (ECG), has cut power supply to the Accra Sports Stadium as part of a mass disconnection exercise of defaulters in Accra.
The Public Relations Officer (PRO) of the National Sports Authority, Frederica Mensah-Davies confirmed that power supply to the national stadium was cut on Tuesday.

The Accra Sports Stadium in 2015 owed the ECG bills worth GH¢240,000 and were placed on a payment plan of GH¢24,000 per month to enable them clear the debt.


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